In case you missed it, here’s a summary of the ETF topics and market reviews I posted to my blog during the week ending on 1/13/2013.
The pace of last week’s pump fest slowed noticeably, but the S&P 500 managed to add some 6 points over the last five trading sessions.
As I have facetiously posted before, it appears to be downright illegal for an index to close in the red, as the automatic last hour afternoon lift-a-thon always throws an assist when market direction appears to look dicey. This is how things work now in a centrally planned market, which by now no longer resembles any similarity to the actual underlying economy.
If you have not noticed this phenomenon, you can review the intraday chart of the S&P 500 at day’s end; it’s posted daily with my market commentary.
Over past week, we covered the following: